Euro recovery attempts against the British Pound have been capped at 0.8707 earlier on the day, and the pair retreated to levels right below 0.8700 amid a cautious market mood, although it remains above session lows, at 0.8685 so far.The Common currency is losing ground across the board on Monday mo
The Euro is trading lower for the third consecutive day against the British Pound on Wednesday, with bears attempting to break the bottom of an expanding wedge, at 0.8625 aiming for the bottom of the last two months’ trading range, at 0.8595.In the absence of key fundamental drivers, the Euro is on
EUR/GBP pulled back after failing to break above resistance at 0.8735/0.8765. While support at 0.8590 and the 50-DMA has held, a sustained rebound toward 0.8700 is possible, though a breach of 0.8590 could trigger a deeper decline, Société Générale's FX analysts note.